About 261 Washington Street ##1
Wonderful opportunity for investors! $40K+ annual revenue from tenant, 6%+ cap rate. This is a commercial condo in prime downtown location with ample off-street parking. Sale is for the first floor condo-Unit 1, building only, with exclusive right to the basement. Current tenant manages successful restaurant. This unit has been owned by same owner for past 30+ years and has always been occupied by profitable and popular restauranteurs. This would be the ideal model for the next owner. This is a two unit condo association and second unit is on second floor and is a day spa separately owned. Showings only when restaurant is not open. Well managed and well maintained condo ready for you to become the new owner today.
Features of 261 Washington Street ##1
| MLS® # | 73204337 |
|---|---|
| Price | $999,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,048 |
| Acres | 0.13 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 261 Washington Street ##1 |
|---|---|
| City | Marblehead |
| County | Essex |
| State | MA |
| Zip Code | 01945 |
Amenities
| Utilities | Public Water, Public Sewer, Natural Gas Available |
|---|---|
| Parking Spaces | 10 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | BR |
|---|
Listing Details
| Agent | Lynne Breed |
|---|---|
| Office | Sagan Harborside Sotheby's International Realty |
| Buyer Agent Compensation | 2.0% |
| Buyer Agent Compensation Type | % |
| Facilitator Compensation | 1.5% |
| Facilitator Compensation Type | % |